MetaTrader Free IndicatorsHere is a MetTarder indicator developed by me based on Exponential Moving Average (EMA). This indicator gives buy, sell and exit signals based on following rules.

 

GBPUSD-H4

 

The rules are simple.

Buy : When EMA7 > EMA14 and EMA7 > EMA21 and EMA14> EMA21

Sell: When EMA21 > EMA7 and EMA21 > EMA14 and EMA14 > EMA7

Also, shows lines on chart on gives signals.

Shows no. of pips passed in bracket after giving signal.

Works on all currency pairs and time frames.

Recommendations:

Always use stop-loss based on your risk-profile or by another indicator like Parabolic SAR.

Cut your losses small & ride the profit long.

Download

Download MQL4 File

Download Compiled File

Doda-EMA MetaTrader Indicator
5 (100%) 2 votes




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admin November 12, 2010

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